Castellum, Inc.
CTM · Services-Management Consulting Services · 94.7M shares · +43%/yr ↑ dilution · EDGAR filings ↗
Reference price $0.61 · est. market cap ~$58M — last insider purchase, 2026-07-01 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D52gen composite 47pct→66; net + operating loss
Notable findings
- Cash burnNegative free cash flow (-2.1M)
- Chronic dilutionShare count +43%/yr over 3y (dilution, book value/share -30%)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -4.5%)
- Notable holderHeld by 1 notable fund(s): STATE STREET CORP (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
36.6%
Operating margin
-5.3%
Net margin
-4.5%
Return on equity
-6.7%
Return on assets
-5.7%
ROIC
-6.2%
Revenue growth (QoQ)
22.5%
Current ratio
4.4×
Free cash flow
-$2M
EBITDA
-$1M
Tangible book value
$20M
Cash & investments
$15M
Cash runway
28q
Stock comp / revenue
4.7%
Leadership & compensation
| Name | Role | Latest total comp |
|---|---|---|
| Bell David T | Chief Financial Officer | — |
| David T. BellCFO | Officer | $633K FY2025 |
| Ives Glen R | President | — |
| MARTIN TAMMY L | General Counsel and Secretary | — |
| Merriman Andrew | Chief Operating Officer | — |
| Bernard S. Champoux | Director | $344K FY2025 |
| C. Thomas McMillen | Director | $344K FY2025 |
| Fuller Mark C | Director | — |
| John F. Campbell | Director | $333K FY2025 |
| Mark S. Alarie | Director | $340K FY2025 |
Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.
Insider transactions · last 6 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-07-01 | Bell David T | Buy | 1.2K | $0.61 |
| 2026-07-01 | MARTIN TAMMY L | Buy | 1.2K | $0.61 |
| 2026-07-01 | Merriman Andrew | Buy | 1.2K | $0.61 |
| 2026-07-01 | Ives Glen R | Buy | 1.3K | $0.61 |
| 2026-03-31 | MARTIN TAMMY L | Grant | 1.3K | $0.45 |
| 2026-03-31 | Merriman Andrew | Grant | 1.3K | $0.45 |
| 2026-03-31 | Bell David T | Grant | 1.3K | $0.45 |
| 2026-03-27 | Merriman Andrew | Buy | 2.0K | $0.64 |
| 2026-03-27 | Ives Glen R | Buy | 2.0K | $0.62 |
| 2026-03-26 | Ives Glen R | Buy | 10K | $0.66 |
| 2026-03-25 | McMillen Charles Thomas | Sell | 30K | $0.70 |
| 2026-03-18 | McMillen Charles Thomas | Sell | 55K | $0.80 |
| 2026-03-18 | Merriman Andrew | Buy | 3.0K | $0.80 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-07-02 | Material agreementExec/director changeExhibits | filing ↗ |
| 2026-06-24 | OtherExhibits | filing ↗ |
| 2026-06-15 | OtherExhibits | filing ↗ |
| 2026-05-20 | Shareholder vote | filing ↗ |
| 2026-05-18 | Reg FDExhibits | filing ↗ |
| 2026-05-13 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-23 | OtherExhibits | filing ↗ |
| 2026-03-05 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-07-02 | 2026-07-01 | 0001877939-26-000057 ↗ |
| 8-K | 2026-06-24 | 2026-06-23 | 0001877939-26-000052 ↗ |
| 8-K | 2026-06-15 | 2026-06-15 | 0001877939-26-000050 ↗ |
| 8-K | 2026-05-20 | 2026-05-19 | 0001877939-26-000044 ↗ |
| 8-K | 2026-05-18 | 2026-05-18 | 0001877939-26-000040 ↗ |
| 8-K | 2026-05-13 | 2026-05-08 | 0001877939-26-000036 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001877939-26-000033 ↗ |
| 8-K | 2026-04-23 | 2026-04-23 | 0001877939-26-000028 ↗ |
| DEF 14A | 2026-04-07 | 2026-04-07 | 0001877939-26-000025 ↗ |
| 10-K | 2026-03-09 | 2025-12-31 | 0001877939-26-000016 ↗ |
| 8-K | 2026-03-05 | 2026-03-04 | 0001877939-26-000012 ↗ |
| 8-K | 2026-02-17 | 2026-02-17 | 0001877939-26-000009 ↗ |